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Aetna CEO on Health Care Reform

Title:

Aetna CEO on Health Care Reform

Published: Wed, 15 Apr 2009

Description: Aetna CEO

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Automatically Generated Transcript (may not be 100% accurate)

" Very much -- President Obama isn't letting his call to reform the nation's health care system flat line saying yesterday that he believes the overhaul needs to be completed this year. At present is the lone front line of his battle to expand health care of Alice -- Williams the chairman and CEO of Aetna has been fighting against war for reform. For years now. Williams has met with President Obama several times to testify before senate. Over the need to cover the 46 million Americans who are uninsured and he joins me right now with the fox business exclusive great to see you thanks for being here for the morning's pleasure being here you have been fighting reform. And and -- of those who are uninsured. For years and years and years and you insane. Now with the time you were saying that 200520062007. Why is 2009. What you like it was called sort of you know stop -- measure we need to do something now."

" I think it's extremely important that as a country we step up to the issue of getting and keeping everyone covered. I think and uninteresting way this whole issue of economic crisis that we're facing. And the underlying rate of increase healthcare is causing us to understand we have an opportunity to really do two important things. One is get can keep everyone -- And the second -- to really get to work very seriously on how we slowdown -- an increase in health care costs and improve quality. "

" So many different areas what which we can broached here let's let's start to tackle some of these issues that might help the cause for health corner. Personal there's some misconceptions about the 46 million people more on short as I understand as many as eleven million of those 46 million. Actually have the opportunity. To get healthcare prevention it take to get health care but they don't tapping into it. If if part of that awareness and why you about the case and what we need to do about that."

" I think you're absolutely right that that we don't really understand that. Uninsured represent one large group of 46 million. But if you take that group and apply traditional market segmentation approach is what you find is there are very specific solutions. It over eleven million and are in fact individuals and children who were eligible for the Medicaid program or the Children's Health Insurance Program. We simply don't find them we don't help them get in roll and often the process of of certifying yourself eligibility is very complicated and may require skills that that some of these individuals may not half. Now we know where to find them they all go to supermarkets say I'll get figured on the although the beauty shop mean you can go to church -- synagogue -- temple. And so there's an opportunity for us to really focus on how we get at eleven million think about that that's a huge percentage of the people who are uninsured in this country."

" And what's so crucial there it is that companies like your cells are making not. For would be under funded portions of this industry I think operates as bad -- ninety billion dollars in -- last year. -- for those who cannot afford. I wonder when you look at that the list I fool you 1910 point continue writing Op Ed six points. Your top three priorities. We have three things need to you immediately."

" I think the first thing we have to do is get and keep everyone -- I think the second thing we have to do is recognize that. Over two thirds of the people in this country are in employer sponsored health insurance it's been an enormous source of innovation what we need to do. -- taking innovations that have worked an employer sponsored insurance. Wrangles over to the individual. Insurance market where where we have many of the people who aren't insured it was an opportunity to really bring them into the system. I think the third thing we have to do is connect the system electronically. And apply the information technology capabilities. To have transformed every industry and our country and apply to human health sector."

" Okay I want to get into that information technology even at the forefront of that for awhile intestinal walls can get some emails from some viewers and ask a couple of the questions to stay with us who don't mind forget."

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